FBA: Decision on being continued trading suspension and Notice on stock status

(1) Decision on being continued trading suspension
On May 23, 2025, HNX announces Decision No. 590/QD-SGDHN continued trading suspension of FBA International group Joint Stock Company’s shares (stock code: FBA) as follows:
- Ground for trading suspension: The Company is late in submitting the Audited semi-annual financial statements 2024 more than 45 days from the deadline for information disclosure as prescribed;
- Reason(s): The Company has no measures to overcome the cause that led to the company's shares being placed in trading restriction according to the provisions of Point d, Clause 1, Article 46 of the Securities Law;
- Other reason(s): The company is compulsorily delisted due to serious violations of information disclosure obligations;
- Applicable law(s): Point d, e Clause 1 Article 35 of the Regulations attached to Decision No.23/QD-HDTV dated 18/04/2025 of the Vietnam Stock Exchange.
Within 15 days from the date the stock is under trading suspension, FBA International group Joint Stock Company must send a document to the HNX to explain the cause and provide a remedy plan.
This Decision replaces Decision No. 602/QD-SGDHN dated 23/05/2024
(2) Notice on stock status
On May 23, 2025, HNX announces the status of FBA International group Joint Stock Company’s shares (stock code: FBA) as follows:
- FBA shares are under trading suspension due to the Company has no measures to overcome the cause that led to the company's shares being placed in trading restriction according to the provisions of Point d, Clause 1, Article 46 of the Securities Law; The Company is late in submitting the Audited semi-annual financial statements 2024 more than 45 days from the deadline for information disclosure as prescribed as Point d, e Clause 1 Article 35 of the Regulations attached to Decision No.23/QD-HDTV dated 18/04/2025 of the Vietnam Stock Exchange
- FBA shares are under continued trading restriction due to The company did not hold an annual general meeting of shareholders in the last 02 fiscal years within the maximum period from the end of the fiscal year as prescribed in Clause 2, Article 139 of the Law on Enterprises; according to the provisions at Point h Section 1 Article 33 of the Regulations attached to Decision No. 23/QD-HDTV dated 18/04/2025 by the Vietnam Exchange. Trading restriction time: only Friday weekly until being removed from trading suspension.